🔺 Why does BTC increase in price while ETH and Altcoin both decrease in price? This will be an article to answer everyone's questions.
👉 BTC price increased, which is a positive signal. But in addition to BTC Price, we have to look at BTC.D, which means Market Cap BTC Dominance (Indicator of BTC's influence and dominance compared to the entire Crypto market).
👉 BTC.D is increasing, showing that interest and money flow are flocking to BTC instead of Altcoin or any other ecosystem or Tag.
👉 In addition, the impact of Bitcoin increasing 4% after the US unemployment data and the news of $2 billion Mint in the past 2 days led to BTC being pushed back up to the $69,100 support area.
👉 Currently, BTC.D is maintaining its 54.7% expectation that there will be a correction, or a maximum of 55% after BTC retests the $66,000-66,500 area.
That will be the time we start buying Altcoin
👉 In addition, other indicators are also showing a little positive signal that BTC will soon return to test ATH.
So watching capitalization indices is also very important, everyone should regularly monitor them. If not, follow and interact with Trading Insight, we will summarize and shorten it in the most understandable way.
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